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Nov 26, 2012
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. >>> next we are going drive dive in to look at what traders are expecting from congress' talks on taxes and spending. we'll be right back. wy 0a> c9?'epp$? >>> matt is the man with cmz trading. what is going on this week between the two bickerers factions. what are you and traders in again looking for? >> well, i think it would be great if we knew that hay, we have a deal going forward. these are the terms. this is how it is going to affect the economy and we can start to look at that 6789 but you know, even though we had the nice press conference last week where everyone said hey,er going to work together. >> the market has not had a huge sell off. there have been some indication that is people are worried. >> well, i think that you have a few factors going on. you have to "fiscal cliff" and people are getting tired of the warnings but it is a real big deal. nobody quite knows what is going to happen. so you have got a push and pull and i will say through this whole thing, we have seen not a lot of panic, the puts are very cheap. so, i think that there is reason to be you know cautious
. >>> next we are going drive dive in to look at what traders are expecting from congress' talks on taxes and spending. we'll be right back. wy 0a> c9?'epp$? >>> matt is the man with cmz trading. what is going on this week between the two bickerers factions. what are you and traders in again looking for? >> well, i think it would be great if we knew that hay, we have a deal going forward. these are the terms. this is how it is going to affect the economy and we can...
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Nov 27, 2012
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you shouldn't spend more than comes in, and under lower taxes, not raise the taxes. if you want to stimulate the economy, i want to lower taxes, because that's how we get actually more economic growth and maybe more revenue, if you cut tax rates. >> greta: only a month past the election, but we're sort of curious. are you considering or would you think of running for president? >> it's too early to tell. we've got a lot of things we have to do in the next couple of years. i still want to try to fix some of the programs we have. i'd like to save social security by reforming it. same with medicare. i have bills that do both. i think we as republicans have to start talking bases a party become a bigger party. we have to acing tract more people. we have a lot of work to do in the african american community, a lot of work to do in the hispanic community. i will talk about these things. i want to be part of the national debate. you know, i've said i don't deny that i'm interested in maybe running for president, but it's way too early to make a firm commitment on whether i
you shouldn't spend more than comes in, and under lower taxes, not raise the taxes. if you want to stimulate the economy, i want to lower taxes, because that's how we get actually more economic growth and maybe more revenue, if you cut tax rates. >> greta: only a month past the election, but we're sort of curious. are you considering or would you think of running for president? >> it's too early to tell. we've got a lot of things we have to do in the next couple of years. i still...
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Nov 27, 2012
11/12
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for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for workers this holiday season. why that's encouraging news for businesses. >>> and some amazing video from a jewelry store. a toddler leaves justifies before a car crashes in. ,,,,,,,,,,,,,,,, steady improvement in hiring. but wall street isn't too . as >>> consumer confidence is at its highest level in almost 5 years boosted by a steady improvement in hiring but wall street isn't too impressed by the numbers as stocks are down for the day. you can see right now, the dow is down 58. >>> even though we're in the middle of the holiday shopping season, retailers are still hiring. but analysts say it's a good sign. it shows stronger consumer confidence, which retailers hope translates into increased holiday spending. more than 300,000 retail jobs were posted in october alone. >>> and 'tis the season for theft. livermore police are warning
for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for workers this holiday season. why that's encouraging news for businesses. >>> and some amazing video from a jewelry store. a toddler leaves justifies before a car crashes in. ,,,,,,,,,,,,,,,, steady improvement in hiring. but wall street isn't too . as >>>...
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Nov 27, 2012
11/12
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a family of four earning 50 to $80,000 will see taxes rise by over $2,000 a year. the increase will prompt shoppers to tighten pursestrings by $2 billion. members of the democratic and republican parties oppose an income tax rise for the middle class. democrats want the wealthy to pay more while the republicans ar against such a hike. the parties start talk this week. now let's get a check on the markets. taking a look at the currency market. the euro reached a one-month high of 1.3 against the dollar and that's after the news that the euro zone ministers reached an agreement on the greek bail out. euro dollar quoted at 17.2992. now turning to stocks. tokyo shares are up slightly as bargain hunters are buying back recent decliners. nikkei is at 9,430. some investors are selling exported related shares. now let cease how oths how othe doing. kospi is up. we'll see where china markets take us when they open over the next hour. british financial regulators fined the swiss financial group more than $47 million. they had failed to conduct britain's biggest bank fraud. h
a family of four earning 50 to $80,000 will see taxes rise by over $2,000 a year. the increase will prompt shoppers to tighten pursestrings by $2 billion. members of the democratic and republican parties oppose an income tax rise for the middle class. democrats want the wealthy to pay more while the republicans ar against such a hike. the parties start talk this week. now let's get a check on the markets. taking a look at the currency market. the euro reached a one-month high of 1.3 against the...
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Nov 28, 2012
11/12
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the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country falls over the fiscal cliff, huge cuts to the u.s. military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace for the palestinians. >> in britain, at least two people have bee
the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country...
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Nov 29, 2012
11/12
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FBC
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it depends on what the tax rates are. the 4% kicker or 04 percent cpi increase in the cost of living over the annuity. you have to look at that in the context of the tax opporunity. you have to be careful. gerri: they always have problems with their family. your advice which i cannot even imagine, learn to say no the families and friends. do you live alone, have no do you live alone, have no family and friends? where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anotherson more investors are saying... [ all ] i'm with scottrade. ll, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sor about that. [ale announcer ] break from the holiday stress. fedex office. are you loing for a plan thateally meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medica
it depends on what the tax rates are. the 4% kicker or 04 percent cpi increase in the cost of living over the annuity. you have to look at that in the context of the tax opporunity. you have to be careful. gerri: they always have problems with their family. your advice which i cannot even imagine, learn to say no the families and friends. do you live alone, have no do you live alone, have no family and friends? where our dedicated support teams help you know more so your money can do more. [...
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is higher than ninety you have a huge future tax on your growth and you have negative downside for years to come but if you were one of the finance ministers what would you suggest as the solution i will start negotiating who should take the losses here because we need to reduce greek debt to g.d.p. below ninety percent if we really wanted for greece to have a future vote on his own but also certainly in part of the euro zone in europe so you need someone to take the loss of course the consequence of losses will be that countries like germany finland then the netherlands will have to take these losses and have sold them into their fiscal deficit something which is politically impossible to facilitate certainly twenty thirteen is an election year in germany so whatever is the most rational whatever is the best solution for greece is and remains out of reach in terms of being a political solution. and let's not check out the equity markets on wall street equities or in the rad that's following s. and p's biggest weekly gain since june the main reasons for concerns of the so-called fiscal c
is higher than ninety you have a huge future tax on your growth and you have negative downside for years to come but if you were one of the finance ministers what would you suggest as the solution i will start negotiating who should take the losses here because we need to reduce greek debt to g.d.p. below ninety percent if we really wanted for greece to have a future vote on his own but also certainly in part of the euro zone in europe so you need someone to take the loss of course the...
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Nov 27, 2012
11/12
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taxed, you are still way ahead of the game. i think it is a lot of noise about nothing. liz: elliot, what kind of noise are you hearing down at the nymex? i mean once again we are hovering around $87 a barrel. natural gas took a bit hit yesterday, up a tiny bit today. elliot? can we hear him? we don't have his microphone. bummer. but you know what he would say? my guess is as good as yours, liz. thank you very much, guys. elliot we will get you next time. sorry about that. look at him. he's all bummed out. it happens. the hamster falls off the treadmill. thanks guys. chief investment strategist at morgan stanley, one of the most respected chief investment strategists says there are three ps that every investor needs to have on their radar. you moved some of your money out of cash and bond funds into what? >> we put money into european stocks liz and we put some money into high quality large cap u.s. growth companies. >> why europe? >> number one, we think the valuations are at historic lows versus the u.s. and versus long-term
taxed, you are still way ahead of the game. i think it is a lot of noise about nothing. liz: elliot, what kind of noise are you hearing down at the nymex? i mean once again we are hovering around $87 a barrel. natural gas took a bit hit yesterday, up a tiny bit today. elliot? can we hear him? we don't have his microphone. bummer. but you know what he would say? my guess is as good as yours, liz. thank you very much, guys. elliot we will get you next time. sorry about that. look at him. he's all...
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Nov 26, 2012
11/12
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KCSMMHZ
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. >> some of the eu executives say the member states say increase in carbon tax is an affordable in cash-strapped times. >> the members are open to come up with concrete cut to cut these gases up the conference. >> with so many lights glowing in the night at thousands of cars rolling through the city, it they do not seem too worried about global warming. qatar's initials are highest in the world. >> they are ambitious open for change on global level. they want to work to a new agreement that will take effect by 2020. >> this is a historic conference. it is a vital importance, considering the items on the agenda. it is a turning point in the negotiations on climate change. >> breyer's, experts have sounded urgent warnings about melting polar ice and extreme weather. they say that in order to limit global temperature rise to two degrees celsius, greenhouse gas emissions must be kept low, but total emissions are still rising every year. many experts believe may it already be too late. temperatures could surge by of to four degrees celsius this century. compared to pre-industrial levels. the conseque
. >> some of the eu executives say the member states say increase in carbon tax is an affordable in cash-strapped times. >> the members are open to come up with concrete cut to cut these gases up the conference. >> with so many lights glowing in the night at thousands of cars rolling through the city, it they do not seem too worried about global warming. qatar's initials are highest in the world. >> they are ambitious open for change on global level. they want to work to...
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save the government a lot of money because exposing tax evasion the government will give you ten percent of what they saved so we have case after case after case now of whistleblowers in america receiving enormous sums of money one woman received one hundred thirty one million dollars as a ten percent of what she saved the government tax avoidance so those things are encouraging to some whistleblowers we don't believe in that here we don't think that people ought to take money because it'll it'll suggest that we're only doing this for the money is there a coach say in the covering up it's a long time culture it's one of the few things that you could say is uniquely british in a sense that the idea that when the police kill somebody nobody's ever convicted there's been a thousand deaths in police custody in this country in the last twenty odd years and not one policeman not one has ever been convicted it's always been covered up there's a famous case in two thousand and six where a brazilian electrician was shot to death by seven. uniform explain coast police in front of forty horrified p
save the government a lot of money because exposing tax evasion the government will give you ten percent of what they saved so we have case after case after case now of whistleblowers in america receiving enormous sums of money one woman received one hundred thirty one million dollars as a ten percent of what she saved the government tax avoidance so those things are encouraging to some whistleblowers we don't believe in that here we don't think that people ought to take money because it'll...
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Nov 28, 2012
11/12
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at the end of the year, tax breaks expire and drastic spending cuts are due to take effect. bracing for those higher tax rates possibly coming next year, some corporations are handing out 2012 dividend payments that are looking more like christmas presents. walmart and dillard's are among several companies paying dividends in december instead of in early 2013. currently taxed at 15%, that rate, under automatic fiscal cliff increases, could more than double. many investors believe that no matter how the fiscal cliff situation is resolved, dividend tax rates will likely increase in 2013. jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a trading blunder
at the end of the year, tax breaks expire and drastic spending cuts are due to take effect. bracing for those higher tax rates possibly coming next year, some corporations are handing out 2012 dividend payments that are looking more like christmas presents. walmart and dillard's are among several companies paying dividends in december instead of in early 2013. currently taxed at 15%, that rate, under automatic fiscal cliff increases, could more than double. many investors believe that no matter...
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Nov 28, 2012
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i think people are unsure about what the taxes are going to be on charitable gifts next year. as a result of that, they would rather do something, they can gift when they know what the deductions going to be, rather than having it be a mystery. we're seeing accelerated giving, which is great, but hopefully there be a lot of charity next year as well. >> tom: eileen heisman along with us, she's with the national philanthropic trust. >> thanks. >> susie: tomorrow on nbr, honeywell c.e.o. david cote will be on capitol hill talking with republican leaders about the fiscal cliff. after that, he'll join us with the news and his analysis. >> tom: "beyond the scoreboard" tonight, google is a feared competito from its dominant poition innternesear to the android smart phone software. now, it's getting into the game of live professional sports video. here's rick horrow. >> reporter: google has agreed to pay the nba a figure in the low six digits to stream 350 development league games on youtube this season. the deal marks the most live games on youtube by a major professional sports lea
i think people are unsure about what the taxes are going to be on charitable gifts next year. as a result of that, they would rather do something, they can gift when they know what the deductions going to be, rather than having it be a mystery. we're seeing accelerated giving, which is great, but hopefully there be a lot of charity next year as well. >> tom: eileen heisman along with us, she's with the national philanthropic trust. >> thanks. >> susie: tomorrow on nbr,...
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Nov 23, 2012
11/12
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for republicans that means revenue through tax reform. for democrats that means entitlement and spending changes and unions are saying no way to any type of changes for medicare, medicaid and social security, launching a lobbying and ad campaign targeting democratic and republican lawmakers in pennsylvania, missouri, virginia and releasing a statement saying we cannot cut our way to job creation. balance the budget at the expense of the middle class and destroy programs that provide economic security for millions of americans. one conservative says these groups that telling the president what he already believes. >> he likes the read transfer of income from one group to another under government control. he is for that. he did not fix the unsustainable entitlement programs. >> we are early in the negotiating process and democrats have shown a willingness to discuss and unchangeds which makes these labor unions nervous. dave: even though retail sales were down our next guest says we will see an improvement in holiday season sales this year.
for republicans that means revenue through tax reform. for democrats that means entitlement and spending changes and unions are saying no way to any type of changes for medicare, medicaid and social security, launching a lobbying and ad campaign targeting democratic and republican lawmakers in pennsylvania, missouri, virginia and releasing a statement saying we cannot cut our way to job creation. balance the budget at the expense of the middle class and destroy programs that provide economic...
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Nov 26, 2012
11/12
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tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the many hot spots around the globe affecting our markets. we'll round off all of them and find out how they are affecting your money coming up next. >>> plus, one top democrat says members of his party threatening to jump off the fiscal cliff. they say, do it already! he says that's a business mistake. sandra levin joins us from capital to tell us why he thinks it's a baddied. working since i w
tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you...
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Nov 27, 2012
11/12
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cuts for the top 2% because it's bad economic policy. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected to spend $1.5 billion online today according to research firm comscore. that's up 20% from last year, as retailers pull out all the stops to get shoppers to click on their websites. erika miller has more. >> reporter: many americans were hard at work today. but others were hardly working-- using high speed office computers to scour the internet for bargains. others browsed at retail stores, but used mobile phones and tablets to make their purchases online. >> but internet shopping is more than just price comparison this year. it's about going shopping with friends and family even when they're not there. >> it makes
cuts for the top 2% because it's bad economic policy. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected...
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Nov 26, 2012
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cbo says middle class tax cuts are imperative, not ohioer income tax cuts. that's a fact. >> i think it's very possible and i think what has to happen now is that the republicans, many who say they're no longer listening to grover cleveland, at least not bound by his pledge, now need to listen to the electorate and the electorate has spoken. they say address the cliff. do so by extending middle class tax cuts but not those for upper income tax pairs becauyers -- >> i'm sure you were being cheeky there. listen, the issue, though, is that the spirit of our problem long term is too much spending. historically, you raise the taxes, then the spending cuts don't happen. and then what does that mean? that means future generations, like the ones today, are now facing higher taxes because of spending cuts that never came. what do you say to folks who say, if we raise taxes now, in the end you guys will never cut? >> because there will be some spending cuts in -- addressing the cliff. the budget control act, we did cut spending. we know it has to be done. first we hav
cbo says middle class tax cuts are imperative, not ohioer income tax cuts. that's a fact. >> i think it's very possible and i think what has to happen now is that the republicans, many who say they're no longer listening to grover cleveland, at least not bound by his pledge, now need to listen to the electorate and the electorate has spoken. they say address the cliff. do so by extending middle class tax cuts but not those for upper income tax pairs becauyers -- >> i'm sure you were...
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Nov 21, 2012
11/12
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but the public sector workers throughout argentina have held a 24-hour strike to protest against taxes. bake closed public transport offices and it affected grain exports. is the first strike since the president to strike five years -- took office five years ago. >> the former prime minister of croatia has been sentenced to 10 years in prison for corruption. he was convicted of taking millions in bribes from two foreign companies including a and gary and energy group. >> and here is the former soviet union's once formidable air fleet and what remains when a pilot recently discovered a decommissioned plant on an airfield in siberia and it was about to be scrapped. >> at the restored it twin- engine is one of a few of the types still capable of flight and the new owner has big plans. >> prepare a for takeoff. 1950's style. turning the propeller by hand to ensure the distribution of engine oil. in the cockpit, the throttle controls are checked and then ready to go. the old twin vote engine and could actually take to the air now, but this is a dry run. >> did you hear that engine sputterin
but the public sector workers throughout argentina have held a 24-hour strike to protest against taxes. bake closed public transport offices and it affected grain exports. is the first strike since the president to strike five years -- took office five years ago. >> the former prime minister of croatia has been sentenced to 10 years in prison for corruption. he was convicted of taking millions in bribes from two foreign companies including a and gary and energy group. >> and here is...
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Nov 26, 2012
11/12
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the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i want our viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success. >> we went from a 4.2 billion dollars deficit to two one time budgets with no tax increases. but we have pensions that are eating up a good portion of the budget that we're going to have to address. if all of a sudden this federal money that has been coming to the state and going down to the local communities is cut off, we're going to have to sit back and say what services can we provide and what services are going to disappear? but what concerns me more is the unemployment that it's going to create. i think the cbo has said
the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i want our viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success....
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Nov 27, 2012
11/12
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FOXNEWSW
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he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you know it's not. >> bob: i'm getting rap for people making half a billion snore if you do, what president obama is suggesting, raise taxes on the 250 and above you come up with 82 to $83 billion. >> bob: take in account the spending cuts that come in to that. >> dana: what spending cuts? show us. i would love to see any spending cuts. i'll believe it when i see it. >> brian: i think we have to give credit to producers of this world and not vilify them. we have to do what will allow them to grow the economy. to hire more people. >> eric: online for this -- >> brian: leave it there. >> eric: co
he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you...
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Nov 26, 2012
11/12
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MSNBCW
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minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic cuts to government spending could impact public safety. >> i think you should be worried if you have a defense job and we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, whether we're worried about fbi being supported, it's all affected by sequestration. >> joining me now, cnbc washington reporter eamon javers. you heard the numbers we just ran down. what is the short-term t
minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic cuts to government...
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Nov 27, 2012
11/12
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FBC
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but going to the tax pledge, it is a little bit complicated. he makes the point that no republican has voted for a tax increase and congress and something like 20 years. that is true, except for we are going to get tax increase on january 1st congress does nothing. pursuant to push tax cuts in 2001 and 2003 which many republicans voted for. the law in 2010. lou: worrying about the niceties and the details. we're looking at a fiscal clef. but some senators running around. sitting there trying to, you know, it seems to me, rollover for the president. >> perhaps. if they don't roll over, if they stand firm and there is no agreement taxes go up anyway. lou: with that we come back. we'll be right back. lou: we're back with the a-team, the fiscal cliff, grover norquist. will the president step up and deal with the issue of entitlement. >> i believe he will, he must, and he has, to but with regard to norquist. only thing we're desperate about a man about to lose his power is a man about to lose his relevant, i think that republicans, have started to s
but going to the tax pledge, it is a little bit complicated. he makes the point that no republican has voted for a tax increase and congress and something like 20 years. that is true, except for we are going to get tax increase on january 1st congress does nothing. pursuant to push tax cuts in 2001 and 2003 which many republicans voted for. the law in 2010. lou: worrying about the niceties and the details. we're looking at a fiscal clef. but some senators running around. sitting there trying...
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Nov 27, 2012
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the first is taxes. the winner could choose between a lump sum of $327 million or the annual payments. they should take the lump sum and pay the $114 million in taxes before december 31st f they wait until january 1st and we go off the cliff, those taxes go up to $130 million, you save $16 million paying now the winner should make a gift, 'tis the season, cities also the tax regime. couples can now give up to $10 million tax free, next year, that money changed to only $1 m the tax rate on that goes up. should do it now most important advice, cool off. sudden wealth can ruin your life, expose to you all kinds of scams and lead to overindulgence. people say you should put the check in the bank and ignore it for three to six moment. use that time to get your financial bearings and create a real plan. the plan is critical. you should start by hiring a financial adviser, figure out your spending goals, $327 million sounds like a lot but you buy a yacht and a g 550 plane, pretty soon you are done. one of an in
the first is taxes. the winner could choose between a lump sum of $327 million or the annual payments. they should take the lump sum and pay the $114 million in taxes before december 31st f they wait until january 1st and we go off the cliff, those taxes go up to $130 million, you save $16 million paying now the winner should make a gift, 'tis the season, cities also the tax regime. couples can now give up to $10 million tax free, next year, that money changed to only $1 m the tax rate on that...
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catalonia is actually very wealthy this is strong as portugal was but the fact is they give far more in taxes to the central government and they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfill his election promise of holding a referendum on independence from spain as you mentioned he did not get an absolute majority so we will not be able to push this straight away but luckily for him the second biggest party that was voted in was also pro independence so the feeling is they will be able to negotiate and between them they will have enough power to push through this referendum but the biggest sticking point for this referendum is that it is against the spanish constitution some commentators are saying it could actually lead to the arrest of aftermath he tries to push it through the spanish prime minister matter only russia has also said that he would be desperate to keep hold of one of the country's wealthiest regions at a t
catalonia is actually very wealthy this is strong as portugal was but the fact is they give far more in taxes to the central government and they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfill his election promise of holding a referendum on independence from spain as you mentioned he did not get an absolute majority so we...
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is they would convert their euros and dollars into rubles because that's what they would use to pay taxes also we had fewer imports so demand for foreign currency on the domestic market has really gone down. so we've got in mind let's have a look at how the russian ruble performed on thursday then as you can see it finished the day mixed against the basket of currencies meanwhile the euro continues to push higher verses most major rivals us including the ruble and it's been traders work says the thanksgiving holiday in the euro is not so the european stock markets advance for four for the longest run in five weeks down the saucer of course signaled chinese manufacturing spada for the first time in months and it was metals stocks in the take the climb on the news of time at rebounding pierces here most of them ended the day with losses prices with a big impact as we've been saying on the domestic markets because of the dependency on energy and as you can see pretty flat out of myself down around a quarter. it's been a poor year for russia down around ten percent and they continue to trade
is they would convert their euros and dollars into rubles because that's what they would use to pay taxes also we had fewer imports so demand for foreign currency on the domestic market has really gone down. so we've got in mind let's have a look at how the russian ruble performed on thursday then as you can see it finished the day mixed against the basket of currencies meanwhile the euro continues to push higher verses most major rivals us including the ruble and it's been traders work says...
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Nov 23, 2012
11/12
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there's possible tax raises on capital gains next year. you can see that investors are excited about that. that stock up 13.5 person. >> i expect to hear those two words quite a lot between now and the end of the year. >>> tech stocks are a big force behind black friday seema mody has more. >> absolutely nasdaq is on track to have the first best and best five -- we're seeing research in motion, the best performs stock on the back of that bullish analyst note we've been talking about all day. hewlett-packa hewlett-packard, shares hit a ten-year low. related to autonomy. apple also up today, set to snap an eight-week losing streak, the longest since the dot-com bubble streak. and speaking of apple, in lieu of black friday, the tablet wars are definitely heating up. >> you would think so. seem that, thank very much. >>> before shoppers were flocking to the mall, frayeder were flocking to the retail stock themselves. so will retails continue toss the better play and outperform the s&p? that's what we're talking about today. on the technical sa
there's possible tax raises on capital gains next year. you can see that investors are excited about that. that stock up 13.5 person. >> i expect to hear those two words quite a lot between now and the end of the year. >>> tech stocks are a big force behind black friday seema mody has more. >> absolutely nasdaq is on track to have the first best and best five -- we're seeing research in motion, the best performs stock on the back of that bullish analyst note we've been...
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Nov 28, 2012
11/12
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>> tax rates going up, having tax rates go up is not wise for the economy. that we have put on the table in our past two budgets are to address tax revenues having revenues increase by way of closing the loopholes, limiting the deductions, limiting the credits, making certain that we lower the tax rates for everybody and broaden the base. that actually gets the economy rolling again so that we can grow the revenue to the federal government by having pro growth policies. the other side of this is the spending. that hasn't been addressed by the president. we wait for the president to be able to put his spending reductions on the table. >> brown: let me ask you to stay on the taxes for a minute. when you talk about revenues not rays, are there enough details there because a lot of budget experts will say that closing loopholes like that won't be enough until we know exactly what those loopholes are. >> what we do know are the rate increases that have been recommended by the president, get enough money to run the federal government for eight days not eight month
>> tax rates going up, having tax rates go up is not wise for the economy. that we have put on the table in our past two budgets are to address tax revenues having revenues increase by way of closing the loopholes, limiting the deductions, limiting the credits, making certain that we lower the tax rates for everybody and broaden the base. that actually gets the economy rolling again so that we can grow the revenue to the federal government by having pro growth policies. the other side of...
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Nov 27, 2012
11/12
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republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president's been in negotiations with house speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with that separately next year, but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. and the white house says it has not received a realistic proposal from republicans that would raise the kind of revenue president obama is seeking. >> susan mcginnis in washington this morning. thank you so much. >>> amid sky high approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday ri
republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president's been in negotiations with house speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with that separately next year, but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal....
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Nov 23, 2012
11/12
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any tax hikes are expected to hit the highest earners the hardest. it is unclear whether this is all bad news for luxury retailers like sachs, nordstrom's and tiffany's. with more of the wealthy thinking about uncle sam this christmas, rather than santa, we'll be watching these luxury companies very cautiously. >> a different bearded gentleman that they're thinking about. >> exactly. that's right. >> thank you, robert. >>> let your fingers do the saving. coming up next, we'll tell you about half-a-dozen apps that could put some extra bucks in your wallet this holiday and beyond. >> i'm doing apps now. oh, dear. >>> later, how about doing holiday shopping at a mom and pop store tomorrow. we'll talk about the american express executive behind this saturday's small business movement in a few minutes. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for le
any tax hikes are expected to hit the highest earners the hardest. it is unclear whether this is all bad news for luxury retailers like sachs, nordstrom's and tiffany's. with more of the wealthy thinking about uncle sam this christmas, rather than santa, we'll be watching these luxury companies very cautiously. >> a different bearded gentleman that they're thinking about. >> exactly. that's right. >> thank you, robert. >>> let your fingers do the saving. coming up...
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they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots the p.r.p. interviews intriguing story for you to. see arabic to find out more visit arabic t.v. dot com. explain. these continues here at r.t. the hague tribunal for war crimes has acquitted kosovo's former prime minister and his aides for a second time. was facing numerous charges of murder and torture of serbs in the war yugoslavia at the end of the one nine hundred ninety s. international criminal defense lawyer. michael. says bias was built into the hague tribunal system from the very start. i think by and large this tribe you know. more or less th
they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's...
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Nov 26, 2012
11/12
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tax rates. there's ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is cyber monday. analysts say it's not as big a day as it's been in past. so many people sh
tax rates. there's ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending...
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Nov 26, 2012
11/12
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they will accept higher tax revenue. the democrats still want higher tax rates. i'm saying, everybody, that the republicans are the ones doing the shifting here. the democrats are holding right where they always have been. sandra: republicans are definitely shifting, now talking about revenue, not about raising tax rates, very different than that. but also put their foot down when it comes to entitlements, medicare and social security. they are also going to address spending in ways that democrats are not going to be happy about. so everybody is going to have to sort of cave here, it would seem. stuart: there has to be compromise on the other side as well as republicans on tax. maybe the democrats have to compromise on entitlement reform at some point. they haven't yet. sandra: grover norquist has already come out and said nobody is caving here, if they do, it is just a trap the republicans are falling into. and this is going to be horrible for republicans, especially in the next election. liz: he also pointed out that george h.w. bush won gulf war one and then r
they will accept higher tax revenue. the democrats still want higher tax rates. i'm saying, everybody, that the republicans are the ones doing the shifting here. the democrats are holding right where they always have been. sandra: republicans are definitely shifting, now talking about revenue, not about raising tax rates, very different than that. but also put their foot down when it comes to entitlements, medicare and social security. they are also going to address spending in ways that...
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is they would convert their euros and dollars into rubles because that's what they would use to pay taxes also we had fewer imports so demand for foreign currency on the domestic market has really gone down so marina full cost time now put you on the ball what is expected of the ruble going forward now. well i won't give you my opinion because i'm not an analyst but we have spoken to many experts and basically they're divided some are saying that oil prices will fall and therefore will see the russian currency weakening and going back down others are saying that because of the liberalization of the debt market a lot of cash will be going into the government bond market and so they will see that they are saying that the russian currency will go from strength to strength katie arena thank you for that marina calls. reporting for us on with that in mind let's check out the russian ruble right now with its performance in the session today as you can see it finished the day nick's against the bosco conses meanwhile the euro continues to push up buses up by major rivals including the result bas
is they would convert their euros and dollars into rubles because that's what they would use to pay taxes also we had fewer imports so demand for foreign currency on the domestic market has really gone down so marina full cost time now put you on the ball what is expected of the ruble going forward now. well i won't give you my opinion because i'm not an analyst but we have spoken to many experts and basically they're divided some are saying that oil prices will fall and therefore will see the...
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Nov 28, 2012
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if that tax measure would have been put on the ballot and taxpayers would have decided not to fund it, we all could have lived with that. that's a choice the taxpayers made. but they never had a chance to vote on it. >> reporter: at the first meeting last night several people told city staff they wanted an internal candidate. but moore said no one inside the department is interested on the top job. >> once it was determined no one from inside the organization, for all the same reasons, felt compelled to seek the job, it opens up the opportunity for other chiefs, sitting chiefs. >> reporter: as for what's next, moore says he's going to take a month off then consider other career possibilities. including police chief jobs in other jurisdictions. >> reporter: now chief moore says before he retires in january he would like to see every officer have a mounted camera on their uniform. something he says will save the city time and money when dealing with complaints from the public. reporting live in san jose, matt keller, ktvu news. >>> a follow up tonight on a double homicide that happened
if that tax measure would have been put on the ballot and taxpayers would have decided not to fund it, we all could have lived with that. that's a choice the taxpayers made. but they never had a chance to vote on it. >> reporter: at the first meeting last night several people told city staff they wanted an internal candidate. but moore said no one inside the department is interested on the top job. >> once it was determined no one from inside the organization, for all the same...
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Nov 27, 2012
11/12
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i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls from senior democrats in both the house and the senate saying basically entitlements are off the table. we are not doing entitlement. the president at some point, serious about a deal needs to set aside his campaigning on tax issues. and get serious about entitlement issue. >> one prominent democrat did talk about entitlement issues back in 2010. pretty extensively. >> the major driver of our long-term liabilities, everybody here knows, is medicare and medicaid and the healthcare sending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down t
i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls from senior democrats in both the house and the...
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Nov 28, 2012
11/12
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if that tax measure would have been put on the ballot and taxpayers would have decided not to fund it, we all could have lived with that. that's a choice the taxpayers made. but they never had a chance to vote on it. >> reporter: at the first meeting last night several people told city staff they wanted an internal candidate. but moore said no one inside the department is interested on the top job. >> once it was determined no one from inside the organization, for all the same reasons, felt compelled to seek the job, it opens up the opportunity for other chiefs, sitting chiefs. >> reporter: as for what's next, moore says he's going to take a month off then consider other career possibilities. including police chief jobs in other jurisdictions. >> reporter: now chief moore says before he retires in january he would like to see every officer have a mounted camera on their uniform. something he says will save the city time and money when dealing with complaints from the public. reporting live in san jose, matt keller, ktvu news. >>> a follow up tonight on a double homicide that happened
if that tax measure would have been put on the ballot and taxpayers would have decided not to fund it, we all could have lived with that. that's a choice the taxpayers made. but they never had a chance to vote on it. >> reporter: at the first meeting last night several people told city staff they wanted an internal candidate. but moore said no one inside the department is interested on the top job. >> once it was determined no one from inside the organization, for all the same...